RIL Q3 Beats Estimates Driven By Strong Growth In Reliance Jio & Retail, O2C Business Improves

Описание: Mukesh Ambani’s Reliance Industries Ltd beat analysts’ expectations for quarterly profit as its new consumer ventures compensated for the decline in its chemicals business. Net profit fell 15% to ₹15,792 crore in the three months ended 31 December from ₹18,549 crore in the year-earlier on rising expenses. The company’s consumer-facing ventures, Reliance Jio and Reliance Retail posted strong growth, even as improved refining margins boosted the oil-to-chemicals (O2C) business despite weakness in the petrochemicals segment. Additionally, higher gas prices benefited the oil and gas exploration and production business.

Probal Sen, Energy Analyst, ICICI Securities, Balaji Subramanian, Vice President, Institutional Equities, IIFL Securities and Market expert Prakash Diwan share their views on RIL's Q3 results. Listen in.



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